Economy & Business, Volume 9, 2015

Abstract: This article deals with the significance of internal audit and explains that implementation of an internal audit unit into a company organisational structures is going to significantly influence the company business success in the future. Further, it focuses on the strategies, procedures and all organisational processes but also on the methods for reaching the intention on the individual operational levels. Nevertheless the internal audit position depends mainly on the utilisation of the unit services and recommendations. It plays an unreplaceable role in the help to the company reaching its targets as it introduces systematic approach to assessment and improvement of risks and efficiency of management and control systems including the company corporate governance. The profession of an internal auditor is necessary part of efficient management as it grants professional and valuable services to managing employees. The text goes into details regarding the individual parts of an audit and all complementary documentation.